Multiple Choice
Which of the following is not an argument in favor of restricting trade?
A) to preserve national security
B) to prevent dumping
C) to increase consumer surplus
D) to protect infant industries
E) to protect declining industries
Correct Answer:

Verified
Correct Answer:
Verified
Q61: Exhibit 19-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 19-4
Q62: Exhibit 19-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 19-2
Q63: Exhibit 19-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 19-6
Q64: The basis for international trade is<br>A)established trade
Q65: If there are no trade restrictions, a
Q67: An import quota is a<br>A)tax on imports<br>B)legal
Q68: Most U.S.imports are<br>A)manufactured goods<br>B)agricultural services<br>C)petroleum and related
Q69: Exhibit 19-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 19-2
Q70: Exhibit 19-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 19-3
Q71: The largest regional trading bloc is the<br>A)North